Stellar, a coin to watch in this ALT SEASON !!! #XLMBTCWelcome to my update:
As all of us may have noticed till now, we are in the alt season.
But what coins are valuable and +100X during this bull run?!
- Any coin that has created higher lows since 2019 is considered a promising one.
- Coins with a high market cap ( just check the top 20 and pick those that have a green chart)
- Coins with strong fundamental news around them.
- XLMBTC :)
.$STELLAR has created bullish divergence o RSI indicator, on weekly and daily time frames !!!!
.The volume has increased magnificently since Nov 2020.
.It is in the top 10 of the high market caps, with $6,357,600,985.
.It is currently trading above its crucial support area and
.Great news about them
.Grayscale has doubled their holding of this coin lately
So both fundamentally and technically, $XLM is in a great spot to be bought.
My first target is 2143 satoshis
My third target would be the 0.61 fibo level (3128 satoshis)
And the last target is 7275 satoshis
Feel free to share your own insight of this pair, and please hit the like button and support my idea if you want this coin to moons in this bull run.
Xlmbtc
RISE or FALL? XLM ft BTCIf Bitcoin can rise back into the ascending triangle, we will see it rise all the way to the upwards resistance point, much like we just witnessed XLM do exactly the same thing yesterday. If this happens, XLM will also test its resistance point and more than likely break it ( since it is so close to the support line right now). But, things aren't looking good without volume....
XLMUSDT - Potential breakout 🔼Analysis 🔎: XLMUSDT is consolidating in an ascending triangle pattern.
Breakout is imminent.
Buy entry ⬆️: breakout above the ascending triangle's horizontal resistance.
Targets 🎯: fibonacci extension levels(0.5, 1), projected ascending channel resistance.
Setup invalidation ❌: breakdown below the ascending triangle's inclined support.
XLMUSDT (stellar) Wafting for the next Bull Run!XLMUSDT (4h CHART) Technical Analysis Update
Waiting for the resistance zone breakout
XLM/USDT currently trading at $0.300
SHORT Entry level: Above 0.333 (only enter long after 4-hour candle closes above resistance zoner)
STOP LOSS: I will update once I see the breakout
Support level 1 (Target 1) : $0.376
Support level 2 (Target 2) : $0.440
Support level 3 (Target 3): $0.500
Max Leverage: 3X
ALWAYS KEEP STOP LOSS...
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XLM Inverse Head and Shoulder Pattern - Breakout Imminent Seeing an inverse head and shoulders pattern on the 4h chart. Looking very bullish for an imminent breakout to test the .44 range and then get continuation into parabolic price discovery mode. So much good news for the Stellar Lumens XLM lately. Mega Bullish here. Short term support .2615 short term resistance.30
$XLM BTC new price rally ahead?XLM, in my opinion, belongs to the top 3 cryptos.
It is decentralised, robust and has a high speed. Recently chosen by the Ukrainian government also after 3-year evaluation as a platform to build their national currency. So I'm strongly bullish for Stellar $XLM, and my analysis might be biased while I try to keep this neutral.
Why is XLM bullish?
1. H8 XLM break into a bullish zone which according to Ichimoku_Cloud indicator (Enhanced for Crypto due to 24/7 activity) read more of this tool by a recent post from @entertheroach The-Ichimoku-Cloud-Ichimoku-Kinko-Hyo-WTF-is-it/
2. H4 and all smaller timeline charts complete a new flag in the chart indicating new burst.
3. Ichimoku_Cloud indicator in H4 is showing strong support just below H4 flag, indicating a new bullish breakout
4. In H4 EMA20 and MA50 recently crossed well over MA200 indicating the bullish cycle
5. EMA20 and MA50 has not crossed in H4 indicating the flag will burst into a new price rally.
Apart from chart analysis with recent positive news on $XLM, bitcoin price rally and above-mentioned indicators, there is a high likelihood to see a big price rally for $XLM similar to 10 days back. It increased 152% in the last rally from the bottom. Thus, the target now is another 150% from the last bottom, 121% from the current price level, which is ambitious, while well deserved for $XLM in my opinion.
💡Don't miss the great buy opportunity in XLMBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000057).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.0000113
TP2= @ 0.0000136
TP3= @ 0.0000167
TP4= @ 0.0000198
TP5= @ 0.0000293
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in XLMBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.0000057).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Stellar/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 0.0000113
TP2= @ 0.0000136
TP3= @ 0.0000167
TP4= @ 0.0000198
TP5= @ 0.0000293
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XLMUSDT (channel Breakout)#XLMUSDT(1H chart) Technical Analysis Update
Descending channel Breakout
XLM/USDT currently trading at $0.318
Long Entry level : 0.300 to 0.325
STOP LOSS: 0.270
Resistance level 1 (Target 1):$0.395
Resistance level 2 (Target 2): $0.50
Max leverage: 3X
ALWAYS KEEP STOP LOSS...
Follow our Tradingview Account for more Technical Analysis Update, | Like, Share and Comment your thoughts.